Trying to find a creative solution for my rental investment. I bought the property at the height of the market to fix& flip and wound up becoming a landlord. The property is now about $120k underwater on a $260k...
Hey BP Folks,So I am planning to use an FHA loan to purchase a duplex. Say for instance I get approved for 100K, and the bank decides that I can afford $800 per month max (PITI). Since I would be living on one side ...
Newbie here. So I am wanting to do the BRRRR strategy and have a question regarding the Buy portion the the strategy. Should I use the flippers strategy of the 70% rule? Thanks,
Could anyone please speak to the financing considerations of purchasing a multi-unit which one unit would be taken as a primary residence of the buyer. We are considering taking this approach to properties in the Sea...
Hi Tax masters,I have a question about the county mortgage tax when purchasing a property.I'm quoting a mortgage from 3 lenders for a small multi-family in Bushwick/Ridgewood area (Brooklyn NY), and one of them estima...
Has anybody sold a property owner to owner (owner financing)? If so, any tips for doing this for tems, contract, etc? Do I need to own the property in full in order to do this? I just want to know everything about th...
I am a new investor in Portland, OR. I want to make flipping houses my primary source of income for my family. I am working on getting financing going. I want to be doing 2-3 houses at a time. I personally have 500k ...
From what I can gather an equity waterfall applies after the property is sold? LP gets their initial investment and preferred return. Then the GP gets a catch up of say 20%. Then the LP-GP split is 80/20. What if I do...
Hi everyone,
I am 24 years old have been on and off of Bigger Pockets for a bit as I save up for my first home. I am 24, live in Seattle and just closed on my first home. The property is a single family home with a s...
I own an exclusive easement to get to my property (which is an island, or an enclave since it's not surrounded by water) this easement is the driveway from the highway to my land. It goes through about 350 feet long,...